All the banks operating in Bangladesh are bound to deduct Excise Duty from each
of the customer accounts (savings, current, loan or other accounts) held with
the bank as per the instruction of National Board of Revenue (NBR) according to
NBR’s circular.
This means, for example,
if a customer maintains a savings
account with a bank and also has a loan account; Excise Duty will be applicable
on both the accounts separately. The revised latest SRO (Statutory Regulatory Order) No. 231 -Law/2017/318-Excise
Dated 01 July 2017 is to be applicable from 01 July 2017.
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